NZD/USD LONG (Formation of a Bullish Channel)
At the beginning of a nice up trend channel, with a support of MA and SMA showing strong uptrend!
Moreover, we have Divergence on RSI (Green trend line and green Arrow line) showing bullish swing occurring.
Secondly, RSI level is near of breaking 30 level to upside, also confirming uptrend!
Finally, we have retested and confirmed support level @ 0.85871.
SL:TP (1:2)
Have a nice trading week,
V.
Moreover, we have Divergence on RSI (Green trend line and green Arrow line) showing bullish swing occurring.
Secondly, RSI level is near of breaking 30 level to upside, also confirming uptrend!
Finally, we have retested and confirmed support level @ 0.85871.
SL:TP (1:2)
Have a nice trading week,
V.